Anil Ambani now holds 12% stake in TV Today

Mumbai: The Anil Ambani Group has increased its stake in media house TV Today Network to nearly 12% by acquiring an additional 1% stake in a deal that could be estimated at about Rs eight crore. ADA Group company Reliance Capital’s subsidiary Sonata Investments bought 5.83 lakh shares, taking its total to 69.20 lakh shares. This represents a shareholding to 11.93% , TV Today informed BSE. The shares in the media company, which runs the Aaj Tak and Headlines Today news channels, were purchased in an open market transaction that was reported on February 19. Going by the intra-day high of TV Today at Rs 137.75 on February 19, Sonata Investments could have bought the shares for about Rs 8.03 crore. PTI